整治过程中，环翠移动坚持"改造与规范同步、安全与美观并重"，通过线缆入地迁改、规范捆扎、废旧 线缆拆除等一系列硬招实招，让昔日纵横交错的"空中蛛网"遁于无形。村内巷道敞亮了，安全隐患消除 了，通信网络也跑出了"加速度"。村民真切感受到了家门口的变化："以前线乱得跟蜘蛛网似的，现在 整齐多了，网速也更快了！" 此次线路整治不仅提升了通信接入能力与网络稳定性，更擦亮了乡村"颜值"，为农村人居环境改善注入 了信息化动能。崮山镇政府在赠旗时对环翠移动主动担当、高效落实的工作作风给予高度评价。 一面锦旗，一份责任。山东移动威海环翠分公司表示，将始终践行央企使命，持续贯彻落实市委、市政 府工作要求，总结推广试点经验、优化工作模式，高标准推进后续批次整治任务，为建设和美乡村、助 力乡村振兴贡献更多"移动力量"。 齐鲁晚报.齐鲁壹点客户端李孟霏 2月11日，威海市崮山镇政府有关负责人专程来到山东移动威海环翠分公司(以下简称"环翠移动")，将 一面绣着"风雪无阻攻坚志线路治理尽责心"的锦旗亲手送到企业负责人手中。"这面锦旗既是认可，更 是动力。"接过锦旗的环翠移动副总经理侯春生表示，"能为老百姓办实事、为乡村添新貌，是我们作为 ...

NEW DELHI/MUMBAI: The Supreme Court on Friday ruled that telecom spectrum is a “material resource of the community” and cannot be treated as an ordinary asset under the Insolvency and Bankruptcy Code (IBC) to repay lenders in the insolvency proceedings of Aircel and Reliance Communications (RCom).A bench comprising Justice P.S. Narasimha and Justice Atul Chandurkar held that spectrum belongs to the people of India, with the government acting as trustee, and that the IBC cannot override the statutory framewo ...

Q4 2025 Investor Presentation Tucows Inc. Q4 2025 Investor Update NASDAQ TCX | TSX TC Safe harbor statement This presentation may contain forward-looking statements, relating to the Company's operations or to the environment in which it operates, which are based on Tucows Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to ...

Financial Data and Key Metrics Changes - TELUS achieved record free cash flow of CAD 2.2 billion for the full year 2025, representing an increase of 11% over 2024, exceeding the annual target [8][9] - Adjusted EBITDA, including health, increased by 3.1% for 2025, demonstrating disciplined execution and focus on cost efficiency [8] - The net debt to EBITDA ratio improved to 3.4x at the end of 2025, with expectations to reach approximately 3.3x or lower by the end of 2026 [19][26] Business Line Data and Key Metrics Changes - In the fourth quarter, TELUS achieved total telecom customer net additions of 377,000, with wireless driving strong net additions of 337,000 [9][10] - The company reported record connected device net additions of 716,000 for the full year, with mobile phone net additions of 207,000 and fixed net additions of 158,000 [6][7] - TELUS Health's operating revenues and adjusted EBITDA grew by 13% and 10% respectively, attributed to the acquisition of Workplace Options and organic growth [24] Market Data and Key Metrics Changes - TELUS led the industry with 1.1 million full mobile and fixed customer net additions in 2025, marking the fourth consecutive year of surpassing 1 million combined customer additions [6][7] - The company reported industry-leading postpaid mobile phone churn of 0.97% for the full year, marking the twelfth consecutive year below the 1% threshold [8] Company Strategy and Development Direction - TELUS is focused on amplifying profitable revenue expansion while maintaining a strong emphasis on cost efficiencies [19][20] - The company plans to leverage its superior portfolio of bundled products and services to differentiate itself from competitors and create shareholder value [11][12] - TELUS aims to achieve double-digit EBITDA growth from TELUS Digital and TELUS Health in 2026, with a focus on new product development and improving churn rates [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering sustained profitable growth, supported by a robust asset mix and diversified business portfolio [28] - The company anticipates consolidated service revenue and adjusted EBITDA growth of up to 4% in 2026, alongside a free cash flow target of approximately CAD 2.45 billion [19][27] - Management highlighted the importance of maintaining healthy industry economics and brand differentiation amidst competitive pressures [34][35] Other Important Information - Darren Entwistle announced his retirement effective June 30, 2026, with Victor Dodig set to succeed him as CEO [3][4] - The company is exploring strategic investment opportunities for TELUS Health and TELUS Agriculture, alongside monetization of real estate and copper assets [18][19] Q&A Session Summary Question: Current wireless environment and TELUS strategy - Management acknowledged the competitive environment and emphasized the importance of maintaining brand differentiation to avoid a detrimental race to the bottom [34][35] Question: ARPU growth expectations - Management indicated that the improvement in ARPU is organic and reflects a reestablishment of premium offerings, with expectations for continued growth [40][41] Question: Guidance for revenue and EBITDA growth - Management outlined three key growth areas: telecom, TELUS Digital, and TELUS Health, with expectations for double-digit EBITDA growth from both digital and health segments [49][50] Question: Changes in CEO and capital allocation - Management assured continuity in growth initiatives and capital allocation strategies despite the leadership transition [67] Question: Sovereign AI strategy and chip ownership - Management confirmed that the chip strategy is included in guidance and emphasized the cost efficiency of leveraging existing data centers for Sovereign AI initiatives [88][94]

Market Overview - Major stock indices experienced significant declines, with the Dow down 496.77 points (1.0%) at 49,624.63, the Nasdaq down 341.43 points (1.5%) at 22,725.04, and the S&P 500 down 68.04 points (1.0%) at 6,873.43 [1] Technology Sector - The sell-off was partly driven by a steep drop in Cisco Systems (CSCO), which fell by 10.7% despite reporting better-than-expected fiscal second-quarter results, as the company provided disappointing guidance for the current quarter [2] - The NYSE Arca Networking Index declined by 3.0% due to Cisco's performance [2] Transportation and Other Sectors - Transportation stocks saw a substantial decline, with the Dow Jones Transportation Average down by 5.1% [3] - Gold stocks weakened significantly, reflected by a 3.9% slump in the NYSE Arca Gold Bugs Index, attributed to a sharp decline in gold prices [3] - Financial, biotechnology, and oil service stocks also faced considerable weakness, while telecom and utilities stocks showed resilience against the downward trend [3] Economic Indicators - The Labor Department reported that initial jobless claims decreased to 227,000, down by 5,000 from the previous week's revised level of 232,000, which was less than economists' expectations of a drop to 220,000 [4][5] - Existing home sales pulled back more than expected in January, as reported by the National Association of Realtors [5] Inflation Outlook - Forecasts suggest that the core Consumer Price Index (CPI) could ease to around 2.5%, marking a near five-year low, which could influence market dynamics if inflation aligns with or falls below expectations [6] - A softer inflation print could maintain rate cuts and potentially restore upward momentum in risk assets [6] International Markets - In Asia-Pacific trading, South Korea's Kospi rose by 3.1%, while Hong Kong's Hang Seng Index fell by 0.9%, and Japan's Nikkei 225 Index closed marginally lower [6] - European markets showed mixed results, with the U.K.'s FTSE 100 Index down by 0.6%, while Germany's DAX Index rose by 0.1% and France's CAC 40 Index increased by 0.5% [7] Bond Market - Treasuries moved back to the upside, with the yield on the benchmark ten-year note down by 4.7 basis points at 4.125% [7]

Group 1 - Telus' longtime Chief Executive Darren Entwistle will step down from his position [1] - Victor Dodig, a former bank executive, will take over as the new CEO of Telus [1]

Core Viewpoint - The event "Yellow River Grand Market" in Shandong Province successfully integrated cultural tourism and local customs, with significant support from Heze Unicom in ensuring stable communication services for the activities [1][2][3] Group 1: Event Overview - The event took place in Dongming County, featuring a blend of local culture and Yellow River heritage, attracting thousands of participants [1] - Activities included folk performances, intangible cultural heritage displays, and specialty agricultural product sales, highlighting the region's cultural richness [1] Group 2: Communication Support - Heze Unicom aimed for "zero errors in communication support" and provided comprehensive service empowerment, ensuring robust network coverage for the event [1] - An emergency support team optimized 3 4/5G base stations and deployed 300 meters of emergency optical fiber to enhance signal strength and coverage [2] - The peak user rate for 4/5G during the event exceeded 850 Mbps, facilitating uninterrupted live streaming of cultural heritage and product sales [2] Group 3: Economic Impact - The online sales of local products, including Dongming watermelons and grain paintings, exceeded 2,300 orders, representing a 15% increase over expectations [2] - The successful integration of stable communication networks with cultural activities resulted in increased revenue and engagement from a wider audience [2] Group 4: Future Plans - Heze Unicom plans to continue enhancing communication services for cultural tourism activities by adding 5 new 5G smart tourism base stations along the Yellow River [3] - The company aims to support the high-quality development of cultural tourism in the Yellow River basin by providing tailored communication services [3]

Core Insights - Guangdong Unicom has successfully achieved full 5G network coverage for high-speed rail and intercity lines in Guangdong, providing a robust digital guarantee for the Spring Festival travel season [1][9] - The company has developed a unique "Guangdong Smart" 5G coverage system to address challenges posed by high-speed movement, complex terrain, and high passenger density [4][9] Group 1: Challenges in High-Speed Rail Communication - By December 2025, the operational mileage of Guangdong's high-speed rail and urban rail transit is expected to exceed 3,411 kilometers and 1,653 kilometers, respectively, ranking first in the country [2] - High-speed trains traveling at 350 km/h can cause signal interruptions, while the high bridge and tunnel ratio and diverse terrain in Guangdong create signal blind spots [2] - High passenger volumes, with Guangzhou South Station averaging 480,000 passengers and Shenzhen averaging 350,000 passengers daily, place extreme demands on network capacity [2] Group 2: Innovative Technical Solutions - Guangdong Unicom has adopted a scientific and practical approach to create a 5G coverage system, utilizing big data and AI for network modeling and analysis [4] - The company has established a four-dimensional technical system that includes "5G private network enhancement, multi-carrier aggregation, large-scale antenna arrays, and smart sentinel energy-saving" to significantly improve network capacity at major transportation hubs [4] - Innovative solutions such as new leakage cables, green antennas, and digital room distribution have been implemented to ensure comprehensive network coverage in tunnels, bridges, and high-capacity stations [4] Group 3: Achievements and Future Plans - The 5G public network coverage for the 401 kilometers of the Guangzhan high-speed rail was completed in just 100 days, despite a 77% bridge-tunnel ratio and complex terrain [7] - As of December 22, 2025, the 5G full coverage project for high-speed rail and intercity lines was completed, with an average download speed exceeding 127 Mbps and a comprehensive coverage rate of over 91.82% [9] - Future plans include further integration of 5G with smart rail systems and enhancing communication infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area to support high-quality economic and social development [9]

Core Viewpoint - The article highlights the launch of a new promotional campaign by Migu Yuedu (formerly Migu Reading) to enhance user engagement during the Spring Festival, offering a 30-day free membership experience to access a wide range of digital content [1][11]. Group 1: Strategic Upgrade - Migu Yuedu has undergone a strategic upgrade, officially rebranding from Migu Reading to Migu Yuedu on January 29, 2026, expanding its content offerings to include both literature and short dramas [3]. - The platform aims to create a new integrated experience by combining reading and viewing, focusing on user satisfaction and immersive content consumption [3][13]. Group 2: User Experience Enhancements - The upgraded platform provides users with 30GB of dedicated data each month, addressing concerns about data usage while streaming content [6]. - Migu Yuedu features a dual-channel system, "Book City" and "Theater," which includes over 16,000 micro-short dramas and a vast collection of licensed literature, covering popular genres [6]. - The platform employs intelligent recommendation algorithms to seamlessly integrate literature and short drama content, enhancing user experience [6][8]. Group 3: Target Audience and Inclusivity - Migu Yuedu has implemented features catering to various age groups, including an "Elderly Mode" with larger fonts and simplified navigation for older users, as well as special content for students [10]. - The platform's initiatives reflect a commitment to bridging the digital divide and addressing the cultural needs of diverse user demographics [10][14]. Group 4: Cultural Engagement and Long-term Strategy - The promotional activities align with national reading initiatives, aiming to cultivate digital content consumption habits among the public [11][14]. - Migu Yuedu seeks to establish a complete ecosystem that connects literature and visual content, reinforcing its competitive edge in the micro-short drama and digital reading sectors [13]. - The company is dedicated to contributing to cultural dissemination and industry upgrades, positioning itself as a leader in the digital cultural landscape [13][14].

Core Insights - America Movil reported strong growth in wireless subscribers, adding 2.5 million in Q4 2025, driven by 2.8 million postpaid additions, despite 298,000 prepaid losses [2][6] - The company ended the quarter with 331 million wireless subscribers, with postpaid subscribers increasing by 8.4% year over year [2][6] - Revenue for Q4 rose 3.4% year over year to MXN 245 billion, with a 6.2% increase on a constant currency basis [8] Subscriber Growth - Brazil led postpaid net additions with 644,000, followed by Colombia (276,000), Peru (148,000), and Mexico (135,000) [1] - In prepaid, Mexico added 197,000 subscribers, Argentina 226,000, and Colombia 224,000, while Brazil and Chile experienced losses of 381,000 and 315,000, respectively [1] Financial Performance - Operating cash flow for full-year 2025 was MXN 213 billion, with free cash flow reaching MXN 82 billion, representing approximately 40% year-over-year growth [6][11] - EBITDA increased by 4.2% in peso terms to MXN 95 billion, and 6.9% at constant exchange rates, with mobile service revenue rising 6.2% [9] - Operating profit totaled MXN 49 billion, up 5.9% in nominal terms and 8.3% at constant exchange rates, contributing to a net profit of MXN 19 billion, about four times the year-ago figure [10] Capital Expenditures and Debt Management - Capital expenditures for 2026 are guided to be approximately 14-15% of revenues, equating to about $6.8 billion to $7.0 billion [14] - Net debt fell by MXN 20 billion to 1.52x net debt/EBITDA, with management targeting a range of 1.3x to 1.5x [12][13] Market Dynamics and Competitive Landscape - The company reviewed a potential bid for Telefónica's Chilean operations but decided against it due to regulatory complexities and valuation considerations [15] - America Movil anticipates further consolidation across Latin America and aims to be prepared for smaller opportunities, particularly in fiber-related assets [16] - The company noted stronger number portability trends in Brazil, influenced by its core postpaid performance and recent handset promotions [17] Broadband and Fixed Services - In fixed services, the company connected 5,240 broadband accesses in the quarter, with significant contributions from Mexico (184,000) and Brazil (133,000) [7] - Fixed broadband revenue grew by 6.4%, with management emphasizing the acceleration in broadband access growth as one of the highest rates in years [7][9]